Math Problem Statement
The total interest earned after 1 year when Php 100,000 is invested, part of 6% annual interest rate and the remaining part at 7.5% annual interest rate
Solution
To solve this problem, we need to determine how much of the Php 100,000 is invested at 6% and how much is invested at 7.5% in order to calculate the total interest earned after 1 year.
Let's denote:
- as the amount invested at 6% annual interest.
- as the amount invested at 7.5% annual interest.
We know the following:
- (the total investment).
- The total interest earned from both investments after 1 year can be calculated as:
However, without knowing the specific amounts and , we cannot calculate the exact interest earned. If you have more details, like the interest earned or the proportion of the investment in each rate, I can provide a more precise answer.
If the problem is looking for a formula or expression for the total interest earned based on , it would be:
This simplifies to:
So, the total interest is dependent on how
Ask a new question for Free
By Image
Drop file here or Click Here to upload
Math Problem Analysis
Mathematical Concepts
Interest
Percentages
Investment
Formulas
Simple interest formula: I = PRT
Theorems
-
Suitable Grade Level
High School
Related Recommendation
Solving Simple Interest Problem: Investment in Schemes A and B with 5% and 6% Interest Rates
Compound Interest Problem with Withdrawals: Finding the Year Account Falls Below Php 10,000
Calculate the Interest Rate for an Investment Yielding ₱2,520 on ₱10,500 Over Four Years
Find the Interest Rate on an Investment of ₱27,750 Grown to ₱41,070 Over 6 Years
How to Calculate Time Required for Interest Earned on Php 130,000 at 5% Interest Rate